Hanoi Municipal People's Committee recently held a conference "Promoting Investment and Dialogue with Japanese businesses" to support Japanese businesses in solving difficulty in their business in Vietnam, introduce new investment opportunities and contribute to boosting business efficiency and improving investment climate of the city.
Speaking at the conference, Chairman of the Hanoi Municipal People's Committee Nguyen The Thao said in the coming time, Hanoi will revise and adjust policies to improve the investment environment to attract and promote the potentials and strengths of Japanese enterprises. The City will review and publish administrative procedures, establishing free channels for investment advice, updating planning information on websites and publishing investment promotion materials in Japanese.
Japan is one of the important strategic investors in activities to attract foreign direct investment (FDI) in Hanoi, with 523 projects with total investment of US$4.6 billion, accounting for 22 percent of the city’s total FDI. Japanese companies are the most stable enterprises among FDI enterprises in Hanoi. According to Hanoi’s Department of Planning and Investment, in the first quarter of 2014, Hanoi attracted 55 foreign investment projects with a total registered capital of US$38 million. Each year, the Japanese companies contribute to Hanoi’s budget about VND2,300 billion, accounting for 61 percent of the total budget of foreign investors in the city. Japanese enterprises mainly invest in assembled parts of auto and motorcycles, electronic components and spare parts for industrial machinery, etc with an investment capital of US$3.4 billion, accounting for about 77 percent of the total capital of Japanese enterprises in Hanoi.
Speaking at the conference, Chairman of the Hanoi Municipal People's Committee Nguyen The Thao said in the coming time, Hanoi will revise and adjust policies to improve the investment environment to attract and promote the potentials and strengths of Japanese enterprises. The City will review and publish administrative procedures, establishing free channels for investment advice, updating planning information on websites and publishing investment promotion materials in Japanese.Japan is one of the important strategic investors in activities to attract foreign direct investment (FDI) in Hanoi, with 523 projects with total investment of US$4.6 billion, accounting for 22 percent of the city’s total FDI. Japanese companies are the most stable enterprises among FDI enterprises in Hanoi. According to Hanoi’s Department of Planning and Investment, in the first quarter of 2014, Hanoi attracted 55 foreign investment projects with a total registered capital of US$38 million. Each year, the Japanese companies contribute to Hanoi’s budget about VND2,300 billion, accounting for 61 percent of the total budget of foreign investors in the city. Japanese enterprises mainly invest in assembled parts of auto and motorcycles, electronic components and spare parts for industrial machinery, etc with an investment capital of US$3.4 billion, accounting for about 77 percent of the total capital of Japanese enterprises in Hanoi.
On April 11, 2014, at the Hanoi Centre for Investment Promotion, the Japan Desk was officially put into operation to further facilitate Japanese businesses and investors who need to learn and expand investment or business in Hanoi.
Japan Desk is responsible for: Providing information about the investment environment in Hanoi; Organising seminars and private consulting for businesses inspecting in Hanoi; Supporting information and introducing partners in Hanoi for Japanese companies; and Supporting information and introducing Japanese partners to Vietnamese enterprises; Supporting, and introducing partners who provide services related to market research surveys for each specific program or needs of Japanese investors; Supporting seminars, networking sessions and surveys in Vietnam and Japan; Organising and collecting comments on the difficulties and problems of Japanese firms operating in Hanoi; Supporting legal procedures such as establishing legal entity or office for Japanese companies planning to invest in Hanoi.
In the coming time, Hanoi concentrates on three areas of priority investment from Japan: projects using modern technology and those in IT, software, processing, and developing high quality services such as finance, banking, healthcare and high-quality human resource training.
Trang Tran
Vietnamese
